The Insurance Council and National are desperately trying to pour cold water over Labour’s earthquake court policy, a policy which would speed up the backlog of insurance claims and give people a fair chance against the power of the insurance industry.
The insurance claims have been dragging out for years and the only beneficiaries of that have been the insurance companies.
The insurance council is claiming that Labour’s figure of 10,000 back-logged claims is actually more like 1500.
What they are actually doing is claiming that cases which are pending settlement are settled. They know very few people have access to court action and they’re making offers to people and waiting them out.
And the worst part is that National are strongly backing the Insurance Council, against the interests of Christchurch residents.
Some have said that National might just pick up Labour’s idea and run with it themselves in their usual policy-poaching style. The problem is that National has a long, intimate history with the insurance industry so it’s highly unlikely they would do anything that could diminish insurance profiteering.
It’s worth reminding people how cozy that relationship is.
Back in 2005 the insurers gave the National party a million dollars for its ACC privatisation policy. That was probably the largest political donation in NZ’s history.
As commenter Wayne says, ‘do you really think a political party can be corrupted for $15,000?’
Maybe not $15,000, but what about a million?